Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 13,197 $ 13,621
Short-term investments 21,686 20,169
Trade accounts receivable 7,656 7,013
Inventory 1,193 1,351
Prepaid expenses and other current assets 1,379 931
Total current assets 45,111 43,085
Property and equipment, net 2,108 1,401
Goodwill 3,700 3,700
Customer relationships, net 3,110 3,593
Intangible assets, net 687 859
Other assets 10 269
Total assets 54,726 52,907
Current liabilities:    
Accounts payable 3,838 4,137
Accrued bonus 1,385 2,076
Accrued liabilities 1,451 1,217
Current portion of deferred rent obligation under operating lease 85 81
Total current liabilities 6,759 7,511
Deferred tax liability 52 38
Deferred rent obligation under operating lease 11 211
Total liabilities 6,822 7,760
Stockholders’ equity:    
Common stock, par value $0.0001; 200,000 shares authorized; 10,146 shares issued and 9,681 shares outstanding at December 31, 2019; and 9,958 shares issued and 9,601 shares outstanding at December 31, 2018. 1 1
Additional paid in capital 96,622 93,583
Treasury stock, at cost; 465 shares and 357 shares at December 31, 2019 and 2018, respectively (4,659) (3,432)
Accumulated other comprehensive income (loss) 8 (11)
Accumulated deficit (44,068) (44,994)
Total stockholders’ equity 47,904 45,147
Commitments and contingencies (note 11)
Total liabilities and stockholders’ equity $ 54,726 $ 52,907